Startup Tranway Technologies’ IPO kicks off

NEW DELHI: The initial public offer (IPO) by IT consulting services firm Tranway Technologies kicked off on Monday.

The company intends to raise Rs 4.2 crore by offering 42,40,000 fresh shares with a face value of Rs 10 each.

Founded in 2015, Tranway Technologies is a provider of IT consulting services and emerging technology solutions. Besides, the company provides product development & support and IT & non-IT staffing solutions to enterprises.

The company reported Rs 5 crore revenue in FY19.